The China Construction Bank (CCB) said Friday that its first-half net profit dropped 4.86 percent from a year earlier to 55.8 billion yuan (8.17 billion U.S. dollars).
China Construction Bank (CCB), the world's third largest lender by market value, inked a $70-million deal to buy a Hong Kong unit of American International Group (AIG) in a bid to obtain a firmer footing in the overseas market.
In an interview with the Financial Times on Monday, Guo Shuqing, board chairman of China Construction Bank (CCB), denied rumors about buying into Standard Chartered Group, saying CCB wasn't interested in expanding businesses overseas for now.
A China Construction Bank (CCB) spokesman confirmed on Wednesday evening that Bank of America Corp (BOA) had sold 13.5 billion CCB H shares, or a 5.78 percent stake in CCB, and the sale was 'normal market activity'.
- Bank of America sells US$7.3b CCB stake - source